Inter-American Commercial Arbitration Commission


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Inter-American Commercial Arbitration Commission

Also called the IACAC. An international organization that provides out-of-court dispute resolution services for issues affecting trade in the Western Hemisphere. The IACAC consists of representatives from most countries in North and South America; it makes arrangements for arbitration or conciliation when two companies request it. It charges a fee for its services. It was originally established in 1934.
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119) See DORE, supra note 113, at 77 (noting that the use of the UNCITRAL arbitration rules by the Inter-American Commercial Arbitration Commission is further evidence of the rules' flexibility and appeal to arbitral institutions).
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